Massachusetts and UBS Securities LLC will continue negotiations involving a $207.6 million Massachusetts Turnpike Authority swap agreement as both parties last week agreed to extend further discussion on the derivative until Sept. 11.

Officials had until Aug. 21 to cure a possible $67 million termination payment on the swap, but opted to push that deadline to Sept. 11 since a resolution has yet to be reached, according to Cyndi Roy, spokeswoman for the Executive Office of Administration and Finance. The office is undertaking the discussions with UBS on behalf of MassPike.

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